Thursday, February 4, 2010

Yen Gains After Australia’s Retail Sales Unexpectedly Decline

Feb. 4 (Bloomberg) -- The yen strengthened after an Australian report showed retail sales unexpectedly declined, boosting demand for the relative safety of Japan’s currency.

The yen advanced to 126.20 per euro as of 9:37 a.m. in Tokyo from 126.42 yesterday in New York. It climbed to 90.88 versus the dollar from 90.98.

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